My name is Sodeeq
Glad am on baby pips
I am currently 18
A Nigerian
I am not really into forex yet but I would love to in the future cause have seen so many successful forex traders out there. I use to trade cryptocurrencies
But I end up blowing my account most of the times.
I just hope this community would help me become a better trader.
Hi my name is Elvis I’m nigerian. I plan on being wealthy from forex thanks
Hi and welcome.
Is it so many successful Forex traders you have seen, or are they using their social media magic to paint a picture of freedom, no job, fast car and mansion house to live in. In my own experience, I have met traders who are making a living from Forex (just about) but I have only ever met one trader personally who has earned over $1M by trading - at the time his net worth was about $12M, but I have met literally hundreds of traders who have not yet learned how to make a consistent profit by trading in Forex (including myself). On the positive side, I have spent about one third of my life trading real goods and services, have traded over $20M of goods over nearly 20 years and this remains on of our businesses that creates cash flow in our lives not directly related to my main “job” of contract consultant.
Just be careful out there. Other people’s social media lives look absolutely perfect, which makes other observers feel somehow inadequate. Few social media trolls tell the truth. They all big themselves up, some far more than others. The reason? To part unsuspecting newbies from their money as quickly as possible.
Fortunately you don’t find many of those on Babypips. Other members embarrass them into leaving before they can do too much damage to new members. 
First and foremost, learn how not to lose money. How? By gaining experience, keeping risk exposure low, and being able to control your emotions which, if not managed, result in overtrading, revenge trading and gambling. That’s why you blew your accounts.
No trader I know is immune from emotional reaction to trading. The key is to recognise the signals and to find ways to manage them so you don’t go broke. I have forced myself to trade the Daily TF with a 4Hr entry if it lines up, set a realistic S/L and T/P based on key resistance zones and let it run by not looking at the chart until end of day - or even overnight. This is not ideal, but my patience and self discipline has seen consistent green months this year.
Best of luck.
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